Nordstrom: Here’s What Investors Need to Know Before Earnings

Nordstrom (NYSE:JWN) will report earnings after markets close on Thursday, May 16th. Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children. The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards.

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.9 to a profit $0.87. For the current year, the average estimate is a profit of $3.8, which is worse than the estimate ninety days ago.